I got this from another site. I would get whatever you can now, that you will need for the next few years.
I am going to tell you now to stock up on things while it is cheap enough. Both meat and grain. Check and double check for a 3 year rough ride and this is based on the expectation of Fall rains to set us up for Spring. If we don't get that, the markets are going to be rocked.
He and fellow ranchers have sold off the yearlings trying to save feed for the cows so that they can breed. And they are not even sure if that is wise coming into Fall.
And there is no feed. A normal year yields 35 to 40 bushels an acre, the updated forecast for MT is 6 bushels an acre of poor quality grain. This is coming from the 4th largest wheat producer in the Nation. Canada is fairing worse, as is ND. Much of Europe is being flooded out. So, yeah. Increasing demand and poor performance is leading to something bad. My hackles are up on this one.
And it is not just wheat, the Farmers and Ranchers are getting seriously concerned. They tell me it is worse than '88 and they are approaching the nightmare of the great depression. The Government tells us it is worse weatherwise, so far, with tech, they have been hedging. This is no longer viable and people are writing the losses off. The Grasshopper kill has been the nail in what was a hard year. They have stopped spraying to kill them as it is not worth it. As it is it costs 20 bucks an acre to spray on a normal year. They cannot keep doing this.
I am not even sure I want to post this on the main forum yet. But, I love you all and want you to be aware. The press talks about it but, they down play it as not to induce panic, especially since some States are talking lockdowns again.